Binance’s SAFU fund is sitting on an unrealized gain of $221 million, according to monitoring data cited by BlockBeats from ai_9684xtpa. The data shows Binance accumulated 15,000 BTC between Feb. 2 and Feb. 12. Based on a total purchase value of $1 billion, the average cost was about $66,666.66 per BTC. Using a current price of $81,000, the position is estimated to be up 21.5%. The update focuses on the fund’s BTC purchases and the paper gain implied by the current market price.
Binance’s SAFU fund has posted an unrealized gain of $221 million, according to monitoring data from ai_9684xtpa cited by BlockBeats on Aug. 25.
The data shows Binance bought a total of 15,000 BTC between Feb. 2 and Feb. 12. Based on a total value of $1 billion, the average acquisition cost comes to about $66,666.66 per BTC. At a current price of $81,000, the position is estimated to be up 21.5%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
